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Apartment in LE DORAT , Haute Vienne , Limousin

€235,400 €230,050 (HAI)** £197,061**
Ref: 81564RCO87
french property for sale

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Reduction from €235,400 to €230,050
Great Investment Opportunity – Block of 8 Letting apartments with attached shared garden – Le Dorat, Haute Vienne

Colin Appleyard , your local Leggett agent, says :

Price €230 050 (HAI)**
**agency fees included : 7 % TTC to be paid by the buyer
(€215 000 without fees)

Reduction from €235,400 to €230,050
Ref 81564RCO87
Town LE DORAT
link to google map MAP
Dept Haute Vienne
Surface 377 M2* Plot Size 1037 M2
Bathroom 0 Bedrooms 0
Location
  • 0-2KM to amenities
  • 50km or less to airport
Type
  • Apartment
Features
  • Business potential
  • Double glazing
  • High speed internet
Condition
  • Good condition
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Print description
drapeau Français Voir l'annonce en français
This block of 8 apartments on four floors is located within walking distance of all amenities and facilities (including schooling requirements) in the historic market town of Le Dorat in the Haute Vienne. The apartments have been recently modernised and updated and equipped, since 2009, with energy efficient “pompe de chaleur” based combined heating/air conditioning systems. All 8 apartments are currently rented out with an average overall occupancy period time to date of 4 years and with an average maximum change over period of 2 to 3 months. Currently the annual derived income for 100% occupancy amounts to about €30,000 per annum which, after costs and expenses would give an annual return of about 10% on the proposed investment cost. Le Dorat benefits from being on the Limoges to Poitiers branch railway line, the latter giving cross platform TGV connections to Paris, Bordeaux and other French cities as well as Brussels and London (via Lille). The all-year-round international airport at Limoges is only 49 km away.
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In detail:
Ground floor – Studio apartment (24m2 habitable) plus two “Type 2” single bedroom apartments each providing 45m2 of habitable space.
First floor – One large two-bedroom apartment “Type 3” (98m2 habitable) with private staircase direct to garden area
Second Floor – One apartment “Type 3” with two bedrooms (45m2 habitable) plus one apartment single bedroom “Type 2” (45m2 habitable)
Third floor – Two apartments “Type 3” (with mezzanine floors) each 60m2 habitable

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